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Youth Village Kenya > Blog > Business > 10 Tips From Great Billionaires For Entrepreneurs
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10 Tips From Great Billionaires For Entrepreneurs

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Last updated: 2023/10/25 at 5:40 PM
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Success stories are usually accompanied by many experiences and good learning.

Contents
1. Walt Disney2.Warren Buffett:3. Richard Branson4. Carlos Slim5.Elon Musk6. Jim Rohn7. Ingvar Kamprad8.Larry Page9. Enzo Ferrari10. Mary Kay Ash

Here are some of the most enlightening phrases and advice from several of the most successful and famous entrepreneurs.

1. Walt Disney

“There is only one way to start building your dream: stop talking and start doing”

The vast majority of people believe that entrepreneurs are great visionaries. They sold us the idea that Steve Jobs was successful because he sat down to think about how to transform our lives; so we believe that when we have that great business idea we can take the leap of our lives.

This will never happen. Steve Jobs changed the world, and the great people in history did, because they took action on his ideas. They did not spend thinking, they executed. So do it, take the first step and start your entrepreneurial path.

2.Warren Buffett:

“Two kinds of people fail in life: those who know nothing and those who think they know everything”

Failure in life is not having made a mistake, made a mistake in our first business or not having made a decision on time. These are learnings that become part of our experience.

Now, if you believe that no one can teach you something new, that university was enough to be successful in life and on top of that you classify your peers as ignorant; you must know that you have reached a level of profound failure in your life.

Successful entrepreneurs, and successful people in general, have the humility to recognize that there is always something new to learn, that everyone has something to teach you, and that a classroom is not the only place to gain knowledge.

3. Richard Branson

“My biggest motivation? To keep challenging myself. I see life as a long college education that I never had – every day I am learning something new”

Your motivation to undertake should not be to earn a lot of money, be your own boss or own your time; These are all results of having found something that you are passionate about and makes you happy.

If your motivation is the first three things, when a difficulty comes you will not be able to find the courage, the courage and the desire to keep trying. So make sure that whatever you’re going to do, it’s something that you’re passionate enough about.

4. Carlos Slim

“Every moment is good for those who know how to work and have the tools to do it”

Are you looking for the perfect moment to start your dream life? How long have you been looking for that moment? Do you feel like you’ve found it or is it still not perfect enough?

The point is that it will never be perfect, because perfect moments do not exist. So stop fooling yourself and looking for excuses that disguise the fear you feel about undertaking something new and ask yourself if you feel it’s worth it.

If the answer is yes, start acting at the only guaranteed moment you have in your life: today.

5.Elon Musk

“I think it’s possible for normal people to choose to be extraordinary.”

The worst way to start any business, or to lead your life, is thinking that you will never be big enough. As Elon Musk, who suffered from teasing at school among other difficulties, says, we can all choose to be extraordinary.

Unfortunately sometimes our worst enemy lies in our minds, and we do not believe that it is possible. We doubt our capabilities, abilities, and how much we deserve to be successful.

Remember that to achieve anything in your life, you must first believe that it is possible.

6. Jim Rohn

“Motivation is what gets you started. Habit keeps you steady on your path.”

While motivation is important to start any project, you will have to develop the habit of discipline to be successful. Any idea you want to undertake; Whether it’s a business, a trip or a change in your life, you need to learn to play for the long haul.

What does it mean to play long term? To see distant results when everyone questions your current decisions, to overcome difficulties, criticism and complaints. And to achieve it you need discipline, motivation is not enough.

7. Ingvar Kamprad

“The most dangerous poison for the entrepreneur is the feeling of achievement. The antidote is to think what can be done to do it better tomorrow”

If you have already made the decision to start, and you begin to see results, have the wisdom to know how to handle them. There is nothing more dangerous on your path to success than starting to succeed and believing that you have already reached the top.

Entrepreneurship as a lifestyle assumes that there are no goals or peaks, so do not fall into the trap, in the congratulations or awards of your results. This does not mean that you do not enjoy them, it means that you celebrate your victories but that this does not mean that you stop growing.

8.Larry Page

“I almost didn’t start Google because I was worried about risk and about leaving my Ph.D. program”

What you see today with so much fear, and even panic, in about 10 years you will see as insignificant tests that could end the best project of your life. Just imagine what would have happened if Larry Page had made a “safe” decision and abandoned his crazy search engine idea from him.

It is normal that many close people criticize you and do not understand your decisions, since they see it as something crazy and insecure. It is also true that you cannot change their way of seeing life; however, you cannot stop doing what you feel is right simply to meet their expectations.

9. Enzo Ferrari

“The stubborn will to pursue one’s own ambition is truly a force that can overcome obstacles”

Following your intuition, your passion and what you feel is right is the most effective way to succeed in life. Not because you will succeed on the first try, but because a “stubborn will” will allow you to get over any obstacle.

What many know as stubbornness is what you identify as a burning passion for what you do. Like the previous point, your life cannot be based on the expectations of others.

Following this philosophy of life only guarantees the happiness and tranquility of others, not yours.

10. Mary Kay Ash

“We have to have a goal, a purpose in our lives. If you don’t know where you’re aiming, you don’t have a goal.”

Finally, the key to success that great entrepreneurs, businessmen and people who have succeeded in life share is the passion they feel for what they do. No one succeeds in life doing something they don’t enjoy.

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Editor October 25, 2023 February 4, 2022
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